The Bancorp Selects Apigee to Help Deliver Fast, Secure Access to Data for Its Customers
March 31 2016 - 9:00AM
Apigee® (NASDAQ:APIC), developer of an intelligent API platform for
digital business, today announced that it has been selected by The
Bancorp, a provider of private-label banking and technology
solutions for non-bank companies, to help provide its customers and
affiliates with fast, simple and secure access to their data
through APIs (application programming interfaces).
Apigee senior vice president of strategy Ed Anuff
added, “In today’s digital and interconnected business environment,
customers want frictionless and nearly real-time access to their
data. APIs are helping make this possible for The Bancorp –
empowering them to create better experiences for their partners and
affiliates, while helping driving new efficiencies across their
internal support teams.”
Apigee’s flagship Apigee Edge API management
software empowers organizations to securely deliver and manage
APIs, with agility and at scale. The Apigee Edge software is part
of the Apigee intelligent API platform, which also includes Apigee
Insights, an API-based, self-service predictive analytics solution,
and Apigee Link, an API-first Internet of Things (IoT) product for
connecting devices to the Internet. Most recently, Apigee
introduced Apigee Sense, an intelligent API security product.
APIs Key to Digital Transformation in
Financial Services
According to Forrester senior analyst Peter
Wannemacher in his Predictions 2016: Financial Services Execs Wake
Up To Digital Transformation report: “Financial services providers
have been relatively slow to recognize and act on APIs as an
opportunity to transform their businesses and, ultimately, better
win, serve, and retain customers. This will change in 2016, as
digital business executives collaborate with CIOs to champion
investment in internal, B2B, and product APIs. APIs won’t only help
firms increase agility and provide services to clients and
partners: they will enable financial firms to build dynamic
ecosystems of value, reconnecting a fragmented value chain.
The findings of Apigee’s 2015 Digital Impact
Survey1 revealed that smartphones and apps continue to impact
the way today’s banking consumers manage their financial lives. In
2015, adoption of digital technologies gained momentum in banking,
with nearly three quarters (73%) of smartphone owners reporting a
change in the way they bank. This rise in digital experiences for
banking may indicate a larger shift in the center of gravity in
financial services. The survey findings show that:
- More than half of all of U.S. smartphone users (58%) report
that they prefer to bank using their smartphone and apps rather
than in person at a bank. Among millennials, nearly three quarters
(71%) prefer digital options.
- Approximately one in four respondents report using their
smartphone for paying in-store, making or receiving a direct
payment via app, or using a non-bank financial management app or
website.
- Between 2014 and 2015, banking app daily usage increased from
14 percent to 20 percent, while non-ATM bank branch usage fell four
points (to 41 percent). This represents 52 percent growth in daily
banking app usage, year over year. Among those ages 18-29 more than
one in four (27%) now use a banking app daily.
Links:
- To read the press release announcing findings from the 2015
Digital Impact Survey, go here.
- To see a report with more information and analysis of the 2015
Digital Impact Survey findings, go here.
- To see the recent webcast, “Eight Ways the Digital Financial
Services Market Will Shift in 2016,” with Forrester’s Peter
Wannemacher, go here.
About Apigee
Apigee® (NASDAQ:APIC) provides an intelligent API
platform for digital business. Many of the world's largest
organizations select Apigee to enable their digital business,
including 30 percent of the Fortune 100, five of the top six Global
2000 retail companies, and five of the top 10 global
telecommunications companies. Apigee customers include global
enterprises such as Walgreens, Burberry, Morningstar, and First
Data. Apigee is headquartered in San Jose, California. For more
information, go to http://apigee.com.
Safe Harbor Statement
This press release contains forward-looking
statements, including statements regarding market adoption of
digital technologies, planned customer adoption and implementation
of Apigee’s products, potential future customer opportunities and
opportunities between Apigee and The Bancorp. These forward-looking
statements are based on current expectations and are subject to
inherent uncertainties, risks and changes in circumstances that are
difficult or impossible to predict. Consequently, you should not
rely on these forward-looking statements. Actual outcomes and
results may differ materially from those contemplated by these
forward-looking statements as a result of such uncertainties, risks
and changes in circumstances, including without limitation risks
and uncertainties related to market adoption of digital
technologies, the ability of Apigee’s software to meet its
customers’ needs, the quality of Apigee’s software, support and
services and related infrastructure capacity and any incorrect
implementation or use of Apigee software.
The foregoing list of factors is not exclusive.
Additional risks and uncertainties that could affect Apigee’s
financial and operating results are included under the captions
"Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" and elsewhere in
Apigee’s Quarterly Report on Form 10-Q filed with the SEC on March
4, 2016. Apigee’s SEC filings are available on the Investor
Relations section of the Company’s website at
http://investors.apigee.com and on the SEC's website at
www.sec.gov. Apigee disclaims any obligation to update the
forward-looking statements provided to reflect any change in its
expectations or any change in events, conditions or circumstances
on which any such statement is based.
Connect with Apigee
Apigee blog: https://blog.apigee.com/front
Apigee community: https://community.apigee.com/
Twitter: https://twitter.com/Apigee
LinkedIn:
https://www.linkedin.com/company/apigee
Apigee is a registered trademark in the U.S. Other
product or company names mentioned may be trademarks or trade names
of their respective companies.
1 The 2015 Digital Impact Survey surveyed
1,000 smartphone owners 18 years of age or older in the United
States. Respondent data was modeled on key demographics
proportional to known benchmarks for smartphone owners. Respondents
were weighted to match the November 2014 omnibus survey by the Pew
Research Center, filtered to smartphone owners over 18. Those
polled demographically match Pew’s sample in terms of age group
distribution, income, education, and regional representation. The
Digital Impact Survey is conducted online with respondents sampled
from leading industry consumer panels who clear multiple quality
checks during the survey process.
Apigee Media Contact:
Mark Wheeler
press@apigee.com
615.516.6147
Apigee Investor Contact:
Kevin Faulkner
ir@apigee.com
408.816.1658
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